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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.23%

Address: 103 O'Halloran Circuit, Kambah ACT 2902 Block-Size: 816 sqm
Block: 20 Section: 241
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 2
Garaging/Car Spots: 2 EER: 1.0
Unimproved Value: $485,000 (2022) UV Price Ratio: 69.29%
Sales Method: Private Treaty Recommend Purchase Price: 700000
Rates Residential: $2,696* Land Tax Residential: $4,050*
Property Link: https://www.allhomes.com.au/103-o-halloran-circuit-kambah-act-2902 Marketing Agent: Paul and Robyn Sutton
Date Added: 23/08/22

Photos:

Block Details

Block Size: 816 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 103 O'Halloran Circuit, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 103 O'Halloran Circuit, Kambah ACT 2902

 

Suburb information

Median house price: 896250 Median house rent: 685
Suburb highest price: 1629999 Rental vacancy rate: 0.32
Medium household income (Census 2021): $2,207 Income to rent ratio: 31%
Download Suburb Profile: Profile - August 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $700,000 Estimated Stamp Duty: $23,040
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $723,040

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $320,000
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 103 O'Halloran Circuit, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $700 Potential Combined Gross Weekly Income: $1,250
Potential Combined Gross Annual Income: $65,000

Financial Summary

Total Purchase and Build Investment: $1,043,040 Potential Combined Gross Rental Annual Income: $65,000
Potential Gross % Return: 6%

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